High Marks for Account Statements

DALBAR also recently ranked the effectiveness of mutual fund company investor account statements, ranking Waddell & Reed fourth out of 33 major firms across the country.

DALBAR assessed the firms' statements on their ability to be understood by investors, summary content, contextual content and design and formatting. The firm then awarded each statement a score on a 100-point scale. Statements earning 80 points or more received an excellent designation, 70 to 79 points earned a very good designation, and 60 to 69 earned a good designation. Those that fell below 60 points did not receive a designation.

According to the report, the most effective statements balance the need for clear, concise and intuitive communication of summary information with the details investors demand for a more contextual view of their investments.

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Certain Waddell & Reed offices are located in banks, credit unions and other financial institutions. Investment products offered by Waddell & Reed, Inc. on the premises of financial institutions are not insured by the FDIC, are not deposits or other obligations of the financial institution and are not guaranteed by the financial institution, and are subject to investment risks, including possible loss of the principal invested.

Investors should consider the investment objectives, risks, charges and expenses of a fund carefully before investing. For a prospectus, or if available, a summary prospectus, containing this and other information for the mutual funds offered by Waddell & Reed, call your financial advisor or click here. Please read the prospectus or summary prospectus carefully before investing.

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